Business Finance Solutions in Australia
with SaqCh Partners

Finance lending in Australia refers to providing funds to individuals or businesses under agreed repayment terms, with interest and other fees. Lenders evaluate your credit history, income, existing debts, and collateral (if any) before approving a loan.

Typical criteria include being 18+ years old, being an Australian citizen or permanent resident (or meeting relevant visa criteria), having a stable income, no significant defaults, and providing requested documentation (payslips, bank statements, IDs).

Commonly required documents include proof of identity (driver’s license, passport), proof of income (pay slips, tax returns), bank statements, statements of liabilities (credit cards, other loans), and, if applicable, security documents (property, car, etc.).

This depends on the complexity and how quickly you provide required documents. Many lenders aim to give conditional approval within 1–3 business days; full approval can take longer (up to a week or more) in complex cases.

Interest rates depend on your credit profile, loan type, term, and lender policy. In addition to interest, there may be establishment fees, ongoing fees, exit or early repayment fees, and insurance or guarantor costs. Always ask for the comparison rate.

Yes — some lenders consider your full financial picture, not just your credit score. You may face higher interest rates or stricter terms. It’s critical to disclose defaults or past issues honestly.

Many lenders allow extra repayments or early payoff, but there may be break costs or penalties depending on your loan agreement. Always check your contract for “early repayment terms.”

Some loans are secured (backed by an asset like property or a car) and often have lower interest rates. Others are unsecured (no collateral), but typically have higher interest.

Borrowing capacity is assessed based on income, expenses, credit history, existing debts, and the lender’s serviceability criteria — how much you can reasonably repay.

Yes — in Australia, lenders, finance brokers, and credit providers generally must be licensed by ASIC under the National Consumer Credit Protection (NCCP) Act. Before dealing, check their license status via ASIC’s register.